June 27, 2000 08:42am
Hitsgalore.com New HBX2000 Marketing Campaign Ups Membership Over 65%
by: Company Press Release
(RANCHO CUCAMONGA, CA) -- Hitsgalore.com, Inc. (OTCBB:HITT - news) a rapidly growing business-to-business (B2B) Internet company, declared today that it has launched the new HBX2000 marketing campaign and has increased membership by over 65%.
``We for obvious reasons are elated about the solid increase in growth,'' said Dorian Reed, Chairman of Hitsgalore.com. ``As everyone knows, the B2B market is hot and businesses are looking for solid ways to increase their market share. The challenge for us is to get more customers and Hitsgalore.com is meeting this challenge by offering a pay for performance business model that benefits both customers and the company in terms of increased revenues and profits. The HBX2000 now works on the same bases as other Portal Services.
``Seller's/Sponsors now pay an up-front deposit as always and then pay an average introduction fee of $30 depending on the desired level of competition the seller chooses for that introduction. The results of the campaign have been great. Many current sponsors are signing up and increasing their deposits on hand. New clients like the ''pay only for what you get`` style of marketing.
``What we like best about the new HBX2000 program is that we are now in the driver seat revenue-wise -- the more introductions we make the higher the revenues. We can generate more revenue this way than we could with a fixed membership rate. Now we give members tangible benefits they can realize with each introduction.
``We have sponsors with thousands of dollars on deposit who wouldn't mind if their deposits were used in a week or a few days as long as they get access to quality buyers that the HBX2000 can deliver,'' says Reed.
The Company has approximately 4,000 current sponsors in its regular Portal Service programs and approximately 166 sponsors in the HBX2000 program. The Company anticipates adding 20-25 new customers per day to its HBX2000 without any increase in cost. The Company further anticipates hiring additional personal to enhance and increase deal-flow for the HBX2000.
``We are currently responding to almost 5000 new leads generated in just the last week from our new banners ads / direct e-mail programs. Many of our leads are buyers just waiting to have their request filled. We also have our own Hitsgalore.com database plus our new HBX2000 Portal Partners with millions in their database who will add to our market for connecting our buyers and sellers,'' said Reed.
The Company is looking forward to releasing additional updates on membership sales and some estimated sales revenues numbers for 2nd Quarter shortly.
About Hitsgalore Business Exchange (HBX2000)
Hitsgalore Business Exchange 2000 (http://www.hbx2000.com) is the innovator and developer of the first B2B Internet Business Exchange that offers businesses pre-qualified ``one on one sales introductions.'' The Company is the market leader in this newly unearthed market niche. The Company believes its business model compares favorably with others in the B2B Internet e-commerce markets such as Ariba, Inc. (Nasdaq:ARBA - news), Commerce One, Inc. (Nasdaq:CMRC - news), Oracle (Nasdaq:ORCL - news), SAP AG (NYSE:SAP - news), Onvia.com Inc. (Nasdaq:ONVI - news).
Hitsgalore.com (http://www.hitsgalore.com/) and has a unique business model of giving away free banners, lifetime banner placement, and other Portal Services. The Company believes its business model compares favorably with other Internet portals and search engine companies. The Company generates revenue from its Keyword Bid & Rank program, sponsorships of Portal Services. Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult-content listings on its site.
Statements in this press release other than historical facts are ``forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Hitsgalore.com, Inc. intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results.